Important Update Regarding Our Surcharge Pricing Program for New York State Merchants.
Dear ISO Partners,
New York State recently passed legislation that impacts any merchant who assesses a credit card surcharge. The legislation mandates that all New York merchants that surcharge customers must display the maximum price that a consumer may pay for a product, regardless of payment method.
This means the displayed price of goods and services MUST be the higher/card price for all New Your merchants.
Please be sure to make your New York merchants aware of this update. A link to the New York State Senate's Surcharge ruling can be found here.
If you have any questions or concerns about this change, please contact our compliance team at compliance@merchantindustry.net. They are ready to provide guidance and assistance.
Thank you for your prompt attention to this matter. We appreciate your cooperation and ongoing partnership.
Merchant Industry, 36-36 33rd Street, Suite 206, Long Island City, NY 11106, 1.866.811.1005